If we've been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.

I think we have some special talents. That being said, I think it's dangerous to rely on special talents - it's better to own lots of monopolistic businesses with unregulated prices. But that's not the world today. We have made money exercising our talents and will continue to do so.

All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.

We have a passion for keeping things simple.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty, you're well on your way to success in this world.

The first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.